WS Atkins rocked by shaky building
Friday 15 June 2012
WS Atkins is struggling at home as the UK's shaky construction market and delayed rail contracts eat into revenues.
The design and engineering giant, whose current projects include the restoration of the Statue of Liberty and Alcatraz prison, saw UK sales, accounting for nearly half of the group total, slide 7 per cent to £860m and profits down 16 per cent in the year to 31 March.
Atkins blamed "difficult" market conditions in the UK due to public spending cuts and a tough year for its rail arm as Network Rail was slow to bring major signalling deals to the market. The highways arm had a better year, winning major projects from the Highways Agency.
Overall pre-tax profits edged 1 per cent lower to £101.6m but the firm left guidance for the year unchanged and upped the dividend by 5.2 per cent.
- 1 Joan Rivers: 'Palestinians deserve to be dead'
- 2 Perez Hilton apologises for Jennifer Lawrence nude photo leak
- 3 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
- 4 Mexican woman becomes world’s 'oldest person' at 127
- 5 Isis terror threat: Leading British Muslims issue fatwa condemning terror group
Israel-Gaza crisis: YouTube footage shows scale of destruction after 50 days of shelling
iPhone 6 'hidden code' could indicate sharper screens or bigger phones
Keira Knightley topless: Conservative actress does own take on #Freethenipple campaign for Interview Magazine
Joan Rivers: 'Palestinians deserve to be dead'
Ebola virus: It's ripped through towns – now the deadliest ever outbreak of the virus is heading for Africa's teeming cities
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
Rotherham child sex abuse scandal: Labour Home Office to be probed over what Tony Blair's government knew - and when
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
iJobs Money & Business
£70000 - £75000 Per Annum: The Green Recruitment Company: Katie Robinson +44 (...
£40000 - £45000 per annum: Ashdown Group: An established professional services...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£28 - 32k + Uncapped Commission: Guru Careers: A Business Development Manager ...